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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: championdumonde who wrote (2990)	12/30/1998 3:08:00 PM
From: j_b	Respond to of 4903

<<I tried both. My wallet thanks the second one. >> I have no problem with that method of investing in the market. As it turns out, I do both. The problem I have had with this board is that people seem to have a problem separating the company from the stock. Even when they do, they tend to look only at the short term. We forget that there are both long-term and short-term investors here, and that both viewpoints are valid. Remember that trading (as opposed to investing) has tax consequences. It may be better to stay with a stock than to sell, pay taxes (thereby reducing your actual return and the cash you have available to re-invest) and buying back in later. Whatever you re-invest in needs to go up by about 30% just to have you break even. That's how much it cost you in taxes (not even counting broker fees) to sell that stock (assuming you had a profit). Of course, if you were in a loss position, I would sell out, take the tax benefit, and re-invest in something with more promise. It's never as simple as people think.